Obama’s Opportunity – possibilities and pitfalls of the next 2 months

Within hours of Obama’s reelection on Tuesday, Senate Minority Leader Mitch McConnell (R) interpreted the Obama win and Democratic victory in the Senate by declaring that the election is not a mandate for Obama’s policies and that Obama’s job now is to propose something that will pass the GOP controlled House. The next day, House Speaker John Boehner (R) declared, in conciliatory tones, that the high-income tax increases on which Obama ran and was reelected was a non-starter. Meanwhile, the “fiscal cliff” looms around the corner.  On January 1, 2013, the U.S. economy will be jolted by the convergence of the expiration … Continue reading this post